Essay about Adolescent Substance Abuse - 641 Words

Adolescent Substance Abuse Adolescent substance abuse continues to be epidemic in American society -- it crosses geographic, economic, gender, racial, and ethnic lines. In addition, more than a decade of national, state, and local prevention efforts have been minimally effective. It is a major problem that continues to escape our control. Nearly 9 out of 10 high school seniors in America report that they have experimented with alcohol. Within this group, 3 out of 10 report alcohol abuse (defined as the consumption of five or more drinks in a row at least once during the past two weeks). Three out of four teens report a pattern of regular drinking, and more than 100,000 children aged 10 or 11 report that they get drunk once a week.†¦show more content†¦Alcohol experimentation increases from 6 to 17 percent between the fourth and sixth grades In addition to the above pattern of actual use, a time bomb of skepticism and disregard exists in the value system of todays adolescent peer group. Researchers report disbelief among adolescents regarding physiological and psychological dangers associated with substance use. Peer group disapproval of alcohol and other drug use is also decreasing. That is to say, the teens who use and abuse alcohol and other drugs are feeling quite bulletproof. Those peers who are non-users confront abusers less frequently now about both their behaviors and beliefs. The picture painted is not a pretty one. Teens are experimenting with and abusing addictive substances in epidemic proportion, and their primary frame of reference -- other adolescents -- are reinforcing this behavior. The best prevention efforts of schools and communities have not significantly impacted alcohol and other drug use or the belief system that supports continued use for this population. Compounding all of the above is the impact of managed care on treatment opportunities for those teens needing traditional inpatient rehabilitation treatment and reasonable aftercare follow-through. As late as the early 90s, traditional inpatient treatment for substance abuse was 28 days with a significant aftercare component that allowed for involvement of family as well as teen in treatment.Show MoreRelatedThe Dangers Of Adolescent Substance Abuse3001 Words   |  13 PagesAdolescent substance abuse is a big concern in the country today. There are many risk factors that can contribute to adolescent substance abuse. Peer pressure has continued to be one of the leading risk factors. Adolescents substance use increases health problems, dependence on drugs, conduct disorders and other risky behaviors leading generally to poor social consequences. Parental influence plays a great role in what a teenager becomes because teenagers mostly learn by example. The counselor helpsRead MoreThe E ffects Of Substance Abuse Among Adolescents1296 Words   |  6 Pages Substance abuse has become a notable public health threat to today’s adolescents. Substance abuse is associated with an array of behavioral and psychological consequences that can jeopardize the future of the young people. Lifelong dependence is another possible consequence of drug abuse among adolescents. Ultimately, counselors are supposed to come up with effective programs to address addiction issues among the adolescents to prevent them from relying on drugs in future. Counselors rely onRead MoreSubstance Abuse Among Teenagers And Adolescents1703 Words   |  7 PagesAddiction and Substance Abuse (CASA), substance abuse among teenagers and adolescents is transforming into America’s number one public health problem, as numbers of high school and college students abusing drugs and alcohol are on the rise (2011). In a national survey done by CASA at Columbia University, they found that 75 percent of high school students have used an addictive substance. In addition, 46 percent of high school students reported currently using an addictive substance, and approximatelyRead MoreEarly Intervention For Adolescent Substance Abuse1916 Words   |  8 PagesC. E. (2004). Early intervention for adolescent substance abuse: Pretreatment to posttreatment outcomes of a randomized clinical trial comparing multidimensional family therapy and peer group treatment. Journal of Psychoactive Drugs, 36(1). Abstract. The abstract discusses a randomized clinical trial that has been developed in order to evaluate a family-based therapy and a peer-group therapy used with urban, low-income, and ethnically diverse adolescents between the ages 11-15 that have beenRead MoreAdolescent Group And Adolescents With Substance Abuse3082 Words   |  13 PagesSection One: Adolescent Group The population that I wish to serve is adolescents. I live in a small community where they currently do not offer a group for adolescents regarding substance abuse. The adolescent group will be broken down into two groups on two different nights: male and female. In order to prevent group dropouts, it is best to fit the members of each group in an environment where they will not feel judged, intimated, or embarrassed. By splitting up by gender, the group can focus inRead MoreSubstance Abuse Prevention On Adolescents1451 Words   |  6 PagesSubstance Abuse Prevention in Adolescents Adolescence is the most common period of life in which both recreational and therapeutic drug use is introduced. Coincidentally, brain development and maturity is also at an all time high during this stage of life (2). When initiating the use of a therapeutic drug, the health care provider compares the risk to the benefit. If the benefit outweighs the risk, the drug is generally prescribed effectively. This process allows for the safe and applicable useRead MoreEssay on Adolescent Substance Abuse1656 Words   |  7 PagesHeader: Substance Abuse Adolescent Substance Abuse Dana Sweitzer Liberty University Abstract Adolescent substance abuse is a major problem in society. There are many risk factors that can contribute to adolescent substance abuse. One of the main risk factors is peer pressure. When adolescents start at a young age there is an increase in health problems, addiction, and over all poor social outcomes. Parental influence has substantial effect on adolescents because the adolescent sees theirRead MoreSubstance Abuse Treatment For Adolescents Essay832 Words   |  4 PagesIntroduction Including families in the treatment of substance use in adolescents has been a debate for several years in the addictions world. Some claim that involving families may hinder the client’s ability to improve due to not being honest, fear, and the lack of relationship one may have with their family members, specifically parental figures. Adolescents may not be honest with themselves or family members due to fear of disappointing or fear of punishment. Many providers and policy-makersRead MoreSubstance Abuse and Treatment for Adolescents2174 Words   |  9 Pages. 7 References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦.. 8-10 Substance Abuse and Treatment for Adolescents Introduction Substance abuse among adolescents is becoming an increasing concern. There are the obvious health issues associated with substance abuse, but many people do not consider the long term affects of drug and alcohol use. In this paper I will discuss substance abuse among teens, causes, statistics, effects of substance abuse, current treatments, and the importance of developing appropriateRead MoreThe Effects Of Substance Abuse On Adolescents1651 Words   |  7 Pagesdevelopments in the adolescents’ sense of self, including independence and making their own choices. Because of the multitude of decisions to be made during this time, there can be a lot of room for error or misjudgements. One very common bad decision is substance use and abuse. Although drug and alcohol use is common and many users don’t develop a dependence on the substances, the adolescents who end up developing the disorders of substance abuse and dependence make substance use a major public health

Literary Themes In The Necklace By Guy De Maupassant

Guy de Maupassant writes a short story about an 1884 Parisian couple. In his story, The Necklace, he gives the reader the main character of the beautiful Mrs. Mathilde Loisel who is described to born into the wrong social class. He uses literary elements to strengthen the themes he has set throughout the story. Maupassant gives small themes such as desire, manipulation, and deception that tie into the main motif of pride. It is important for us to understand the time period that Maupassant is writing about. At this time, the French Revolution had just ended, reconstruction had been going forward and new fashions and societal movements had started becoming prevalent in this new French Era (Drumsta no page). During this time period of the†¦show more content†¦This shows how the theme of desire and the motif of pride intertwine. Mathilde has a desire to go to the event in beautiful clothes, she has too much pride to go in what she would consider rags. To continue, Maupassant gives more details about Mathilde’s character. He uses another theme and portrays Mathilde as a woman of manipulation. The reader can first see this when she tricks her husband into giving her money to buy a new dress, when in fact she knew he was saving up for his own desires. â€Å"She wiped her damp cheeks†¦ she thought for a moment adding things up and thinking† (Maupassant page 8). Maupassant uses this dialog between Mathilde and her husband to further develop the identity of Mrs. Loisel. He also does this to intensify the significance of manipulation as a major theme. The reader can see Mathilde do this twice in the story. Once when she is trying to get a new dress and for the second time when she is requiring jewelry and gems to complement her new apparel. The reader can recognize that Mathilde’s pride and desires are so strong, she begins playing on her husband’s sympathetic emotions. Another connecting theme is deception. Much like manipulation, deception is a crucial part of the characteristics of Mathilde. For example, the first time the reader learns of her deception is at the event. Almost all of the men and women notice her to be a woman of luxury even though the reader isShow MoreRelatedThe Theme of Pride in Guy Maupassants The Necklace Essay1147 Words   |  5 Pagescharacter in Guy de Maupassant’s short story, â€Å"The Necklace†. Set in Paris in the late 1800s, Maupassant’s story shows the costs of pride. The main character, Madame Loisel, borrows a diamond necklace from her rich friend, Madame Forestier, to wear at a ball hosted by the Minister of Public Instruction at the Palace of the Ministry. To her dismay, Madame Loisel loses the necklace, and she and her husband spend the next ten years paying back the loans they had to take out to replace the necklace, only toRead MoreLiteray Analysis of The Necklace1155 Words   |  5 Pa geshumans nature of greed. Guy De Maupassant, the author of The Necklace, perfectly shows how greed can lead to bad outcomes in the short story. Guy De Maupassant, one of the fathers of the short story, was born on August 5th 1850. A quote representing the legacy of Maupassant French writer of short stories an novels of the naturalists school who is by general agreement the greatest french short story writers(Bennet). In his short story, The Necklace, Maupassant focuses mostly on greed.Read MoreThe Necklace by Guy de Maupassant1034 Words   |  5 Pagesregret which Guy de Maupassant depicts throughout â€Å"The Necklace.† Guy de Maupassant, a French writer, born in 1850, was considered one of France’s greatest short-story writers. His writings were mostly influenced by the divorce of his parents when he was thirteen years old and by great writers such as Shakespeare, Schopenhauer, and Flauber. His parent’s divorce caused his stories to depict unhappine ss of matrimony, deceit, miscommunication, and a profound misunderstanding (Maupassant, Guy de, 1850-1893)Read MoreTheme of Reality vs. Appearances in â€Å"the Necklace†1617 Words   |  7 PagesTheme of Reality vs. Appearances in â€Å"The Necklace† Henri Rene Albert Guy de Maupassant was born on August 5, 1850 in the chateau de Miromesnil near Dieppe, Normandy. He lived in Fecamp, France until age twelve (when his parents separated) then moved with his mother to a villa in Etretat, France. Home-schooled, except for a brief stay at a boarding school when he was thirteen, Maupassant ran free for most of his school years. Maupassant attended university in Paris, where he began to study lawRead MoreA Wasteful Fashion in The Necklace by Guy de Maupassant1149 Words   |  5 Pageslife used to pay back a debt that was worth ten thousand dollars. Was it worth it? Guy de Maupassant was a popular French writer who is known as one of the fathers of modern short stories. Many of Maupassant’s stories are set during the Franco-Prussian War of the 1870’s. Maupassant ended up writing about three hundred short stories, six novels, three travel books, and one volume of verse. In his short story, ‘The Necklace’, th e main character, Mathilde Loisel, feels as if she should have been born richRead MoreShort Stories Of The Nineteenth Century1266 Words   |  6 Pageswith Guy de Maupassant who is a master of irony, plot twists and satire. He is still considered to be one of the greatest short-story writers of all time and a champion of the realist approach to writing. Maupassant was born in Normandy, near Dieppe, on 5th August, 1850, to well-off parents who, however, didn’t get along well and eventually separated in 1863. The separation of his parents caused Maupassant to receive two very different kinds of upbringings. His debauched father, Gustave de MaupassantRead MoreAnalysis Of Guy De Maupassant s `` The Necklace ``980 Words   |  4 PagesGuy De Maupassant s, The Necklace, is a short story about Mathilde Loisel, a middle-class wife, who is dissatisfied with her life and believes that she was meant to live as an upper-class woman. When invited to her husband s ball, she manipulates h er way into getting a new dress and borrows her friend s diamond necklace. After the ball, she discovers the necklace is gone. Both Malthilde and her husband delay returning the lost necklace, and secretly buy a replica. They both struggle ten yearsRead MoreSummary Of The Necklace By Guy De Maupassant1184 Words   |  5 Pages Arminder Sehmbi Ms. Lee ENG-4UO July 9, 2016 The Greed shown in â€Å"The Necklace† by Guy de Maupassant A famous person that goes by the name of Erich Fromm once said that greed is a â€Å"bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction.† (www.brainyquote.com). But then again what actually is â€Å"greed†? Well according to Oxfords Dictionary â€Å"greed† is an Intense and selfish desire for something, especially wealth, power, or food: (Oxford)Read MoreExposition of Plot in Maupassants The Necklace1354 Words   |  6 Pagesdisparate, and contradictory elements,† according to Guy de Maupassant. â€Å"It is brutal, inconsequential, and disconnected, full of inexplicable, illogical catastrophes† (â€Å"The Writer’s Goal 897). Utterly to the point with his words, Guy de Maupassant’s fame as a writer stemmed from his â€Å"direct and simple way† of telling readers what he observed (Chopin 861). His short story, â€Å"The Necklace,† is no exception.  "The Necklace† is evidence of the literary realism that dominated literature during the 19thRead MoreStructural and Textural Irony Essay999 Words   |  4 PagesLiterary elements such as metaphors, similes, alliteration, the use of personification, and the use of irony are primary tools and building blocks for great literature. With the incorporation of literary elements, an insignificant story of occurrences can be transformed into a literary work of art presenting depth and purpose to its audience. While many short stories are flooded with a number of various literary elements, Zora Neale Hurstons Sweat, William Sydney Porters The Last Leaf, Guy

Carbon Tax Conclusion free essay sample

My final argument will be based on the effectiveness of this tax: The tax will have no significant impact on greenhouse gas emissions. It has been claimed that an Australian carbon tax will have no significant impact on the level of greenhouse gases in the earths atmosphere. This claim has been made on two bases. Firstly that it is unlikely to succeed in significantly reducing Australian greenhouse gas emissions and secondly, that even if these emissions were to stop completely this would have no useful effect on world greenhouse gas emission rates. Critics of a carbon tax for Australia argue that it will damage our economy without reducing climate change. The independent think tank, the Institute of Public Affairs (IPA) has stated that the proposed tax, although burdensome and damaging is not sufficiently large to force reinvestment in different forms of power generation. In a media released issued on March 2, 2011 and published in The Age, the IPA stated, The price itself, while severely harming the carbon-intensive, coal-based generators, would not force their premature departure from supply, which would be necessary to leave a gap for new gas generators. We will write a custom essay sample on Carbon Tax Conclusion or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The IPA Review in September 2008 included the following response to Kevin Rudds proposed emissions trading scheme, Australia contributes 1. 1 per cent of total global greenhouse gas emissions. Our contribution is dwarfed by big emitters like the United States which contributes nearly 21 per cent, China which contributes 17 per cent, and Russia which contributes just over 5 per cent. All in all, there is no positive outcome for this tax, yes it is true that it reduces greenhouse gases, but things cannot always be solved with money. If we, as the Australian people want to make our environment cleaner, we should not just pay up to the government to clean our environment, we live in it, so we must put in some effort to prevent this ongoing issue. Thank you.

THE EFFECT OF CONVERGENCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARD [IFRS]-BASED ACCOUNTING STANDARDS ON STOCK MARKET Essay Example

THE EFFECT OF CONVERGENCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARD [IFRS]-BASED ACCOUNTING STANDARDS ON STOCK MARKET Essay THE EFFECT OF CONVERGENCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARD [IFRS]-BASED ACCOUNTING STANDARDS ON STOCK MARKET By ssoekarno THE EFFECT OF CONVERGENCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARD [IFRS]-BASED ACCOUNTING STANDARDS ON STOCK MARKET: EVIDENCE FROM MALAYSIA PUBLIC LISTED COMPANIES EVI OKTAVIANI SORAYA A project report submitted in partial fulfillment of the requirements for the award of the degree of Master of Business Administration International Business School UniversitiTeknologi Malaysia JANUARY 2014 I declare that this thesis entitled The Effect of Convergence with International Financial Reporting Standard [IFRS]-Based Accounting Standards On Stock Market: Evidence From Malaysia Public Listed Companies is the result of my own research except as cited in the references. The thesis has not been accepted for any degree and is not concurrently submitted in candidature of any other degree. Signature: Name Date :JANUARY 2014 Dedicated to ACKNOWLEDGEMENT BSTRAK laDle 0T content CHAPTER 1 INTRODUCTION 1 Background 0T study 1. 1 Background of International Financial Reporting Standard [IFRS] Financial statements are important for investor in assisting them in making decision on where to invest globally. This is why high-quality accounting standards enables investors to receive appropriate information which in turn will give investor confidence in making decision . There is a drive to globalize accounting standards and practices that will be accepted by the regulators, certification bodies, the accounting profession and the business and academic communities around the world in order to minimize the potential dangers of bias, misinterpretation, inexactness, and ambiguity. Over the years the business community has recognized accounting as the language of business and financial information as a form of language. We will write a custom essay sample on THE EFFECT OF CONVERGENCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARD [IFRS]-BASED ACCOUNTING STANDARDS ON STOCK MARKET specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on THE EFFECT OF CONVERGENCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARD [IFRS]-BASED ACCOUNTING STANDARDS ON STOCK MARKET specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on THE EFFECT OF CONVERGENCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARD [IFRS]-BASED ACCOUNTING STANDARDS ON STOCK MARKET specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Since accounting has been accepted as a language, it is advisable that companies around the world to speak in the same language. Recent political and economic events have focused on the pressing need for more uniformity in international accounting standards . There is a requirement for a universal set of accounting standards which can unite the language of accounting around the world and solve the problem of differences in accounting practice. It is no surprise that the globalisation of capital markets has been accompanied by calls for globalisation of financial reporting. Indeed, the globalisation of the worlds capital markets has created the need for comparable and reliable financial information to support the varied transactions and operations of the markets Hora et al.. The accounting profession has faced the pressure of globalisation and continues to look for ways to produce financial situation using a unique accounting procedures that can be understood by all business society in the last few decades . Not only that, to ensure usability, financial information also supposed to be understandable and comparable to make credit decisions and investment more easily retrieved. Though the process of internationalisation might be difficult, Anderson said that a set of international accounting standards will allow new horizons of financial statement evolution by the fact that the comparative analysis of the rate of return and profit/loss set written in balance sheet has made the competition between companies become more pertinent. In order to solve this problem, a novel global accounting standard International Financial Reporting Standard (IFRS) has been introduced. Currently IFRS has been increasingly adopted by accounting policy makers all over the world. It is estimated ver one hundred countries are using International Financial Reporting Standards. For example, Australia and all members states of the European Union which have adopted IFRS since 2005, whereas Canada, India and Korea has moved into IFRS convergence in 2011 . I ne aaoptlon 0T Internatlonal Accounting stanaaras/lnternatlonal Hnanclal Reporting Standards (IAS/IFRS) by a significant number of developing countries in the past years is considered as one of the biggest events witnessed in the international accounting field. For most of these countries, the application of IAS / IFRS accounting is the transition to a new paradigm. This paradigm, mainly based on the communication of good quality and useful financial information for decision-making , consider the investor involved in the stock market as a specific user of financial statements . The objective of this financial report primarily to offer investors the necessary information for them in order to properly evaluate the economic situation of the company which in turn allowed them to put their money in profitable investment opportunities. Countries which have already adopted the IFRS accounting standard foresee various benefits, for example Australian government hopes that the setting of IFRS ccounting standards in Australia can lead to production of higher quality accounting standards which in turn will facilitate Australian business in terms of lower costs of capital and enables Australian companies to compete on an equal footing overseas, while also maintaining investor confidence. In the meantime the Chairman of the Korea Accounting Standards Board and President of the Korea Accounting Institute stated that his organisation is optimistic about the benefits of IFRS adoption in that it will not only make Korean companies more competitive through their enhanced ransparency but also will allow the South Korean accounting industry to expand worldwide. From those two statements, we can conclude that one common benefit sought by adopting IFRS is to eliminate barriers to cross-border investing . Moreover, Ball argued that IFRS promises more accurate, comprehensive and timely financial statement information compared to the national standards which it replaces for the public financial reporting in most of the countries which adopted it, including Continental Europe. Better quality financial statement information can even lead to etter assessment by investors in making capital market decisions and thus reduce the risk to these investors. Another attribute of IFRS is that it requires more extensive disclosure. For example, asset impairment FRSI 36 requires disclosure of goodwill and other intangibles, particularly in relation to the allocation of goodwill to cash generating units, the main assumptions used to measure recoverable amount and impairment testing. Increased level of disclosure in the financial statements may affect the quality of reported earnings. According to disclosure system which set at high quality standard ives investor confidence in the credibility of financial reporting. If more disclosure is required, any attempt to manage earnings can be more easily detected and addressed by the internal oversight bodies (board of directors and auditors) in a company. The use of international accounting standards in promoting various players in the capltal market can De a good cnolce Tor developing countrles tnat seek to promote decent functioning of their capital markets. To satisfactorily fulfill their role in the evaluation and financing of companies and in the development of various sectors of conomic activity, listed companies have to communicate good financial information . Since worldwide adoption of IFRS would create a common language for accounting, new capital markets would open to companies who have been reporting only in accordance with their national standards. Communication of financial information helps to limit the problems associated with information asymmetry and establishes a climate of confidence in the capital market mechanism. This in turn acts to encourage different actors to make more transactions. IFRS would allow the financial statements to be in a simple, nderstandable, and standardized format for investors and other businesses who are interested in the firm. A research which conducted by Centre for Audit Quality on July in the United States shows that sixty-two per cent of investors agree that the creation of a single, uniform, international set of accounting standards would give them a higher level of confidence . In general, convergence to IFRS provides many benefits such as enhancing comparability as a company financial report can easily compared to another, increasing global investment flow through transparency, decreasing cost of capital hrough global investment opportunity, rising financial reporting efficiency and enhancing financial reporting quality by lowering the chance to do earning management practice. However, despite the optimistic expectations put on IFRS convergence, the reality seems more unclear. Previous research which have studied the relationship between IFRS adoption and market behavior has seen a variety of results, for instant Horton and Serafeim which investigate market reaction to IFRS and valuation of IFRS reconciliation adjustment, their study resulting a negative abnormal return for firms eporting negative earnings reconciliation, mandatory IFRS adoption alters investors beliefs about stock prices, proving that the new IFRS numbers give new information to the market. Meanwhile Armstrong et al. finds that equity investors perceived the expected benefits of more comparable financial reports and the prospects of increased capital flows outweighed the expected costs of implementation and any economic distortions arising from reduced local accounting diversity. Furthermore study result shows that annual report publication does not produce unexpected nformation either before, on, or after the adoption of IFRS, however she found an interesting fact that IFRS adopters are valued higher before the adoption, but not afterwards. . 2 International Financial Reporting Standard in Malaysia Malaysia cannot let itself to be left behind in this worldwide movement towards aaoptlon 0T tne S Malaysian companles nave to De In step wit n tnese developments in financial reporting practices adopted around the world in order to make their financial statements accepted globally. Malaysian Accounting Standards Board chairman foresee to that by becoming fully IFRS compliant, Malaysias capital nd financial market will be further enhanced. In a statement, Azmi explained another benefit of adopting IFRS in Malaysia which are not only it is accepted globally as it already used in more than 100 countries, but using a common language also will turn reporting costs decrement since there is no need to reconcile accounts, can increase credibility of local market to foreign investors, have comparability across boundaries and cross border listing. Full convergence to international accounting standards will put Malaysia in good stead for increased globalization of capital markets, providing comparable financial tatements to promote investor confidence. The milestone of IFRS convergence in Malaysia began in the period between 1978 and 1997 where Malaysia started to adopt International Accounting Standards (AS). However, those standards which were set by the Malaysian Association of Certified Public Accountant (MACPA) together with the Malaysian Institute of Accountants (MIA) were not enforceable on companies at that time. Following the passage of the Financial Reporting Act 1997 by Malaysias parliament on March 1997 prior to Asian financial crisis, the Malaysian Accounting Standard Board (MASB) was established with a given mandated to developed financial reporting standards, develop Islamic accounting standard and conduct an extensive consultative process. Before 2005 all accounting standards issued by MASB had the prefix MASS. Subsequently in 2005, concurrent with global standard setting development, the MASB renamed all issued standards as Financial Reporting Standards (FRS) that was meant to be in line with standards issued by IASB except for some minor modifications. In 2006, Malaysia introduced 2-tier financial reporting framework, started on 2007 Malaysian FRS standards (known as FRS framework) have been dentical to IFRS AS. The difference lies in the standards that Malaysia has not adopted. The FRS framework is made mandatory for non-private entities while the private entities can continue using the old MASB standards known as PERS (private entity reporting standards) framework. Further, a new numbering system to its FRS and the interpretations was introduced by the MASB in 2007. MASB together with Financial Reporting Foundation (FRF), make up the new framework for financial reporting in Malaysia. On 1 August 2008, they announced their plan to move to full IFRS convergence by 1 January 2012. To facilitate a phased changeover to IFRS convergence, Malaysia has adopted FRS 139 Financial Instruments: Recognition and Measurement with the effective date of 1 January 2010. By 2012, all approved accounting standards applicable to entities other than private entities will converge fully with all IFRS issued by the International Accounting stanaara In November 2011 , the MASB issued a new MASB approved accounting framework, namely the Malaysian Financial Reporting Standards (MFRS Framework). As defined by MASB, the companies that are required to apply MFRS framework are Entities Other Than Private Entities shall apply the MFRS framework for annual periods beginning on or after 1 January 2012, with the exception of entities (known as transitioning entities) which are given options to continue with the old FRS framework that has not adopted IAS 41 Agriculture and/or IC Interpretation 15 Agreements for the Construction of Real Estate. Next, MASB plans that the full adoption of the MFRS Framework will be mandatory to all companies for annual periods beginning on or after 1 January 2012. Because of this, approximately one thousand Malaysian public listed companies will be affected y the IFRS convergence in 2012, however the companies or the group of companies that are involved in agriculture or real estate industry still have time to defer its convergence. In addition, the International Accounting Standard Boards (IASB) future work plans on some other core standards will also affect Malaysian entities significantly after 2012. There are a few IASB exposure drafts and discussion papers that are now going through due process and soon to be adopted including leases, revenue recognition, financial instruments, fair value measurement, insurance contracts, and consolidated inancial statements. As a consequence of this convergence, when IASB issues a new or amended IFRS, Malaysia will adopt those standards in their entirety. 1. 3 Problem Statement Principles-based standard accounting may reduce the likelihood of scandals, as shown on study by Nisbettt and Sheikh . One example of a world phenomenon that has occurred related to financial statements matter is Enron scandal. Enron which was founded in 1985 is one of the worlds leading electricity, natural gas, communications and pulp and paper companies before it bankrupted in late 2001, its nnual revenues rose from about $9 billion in 1995 to over $100 billion in 2000. At the end of 2001 it was revealed that its reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud. This scandal shows weakness of GAAP system as compared to principles- based standard such as FRS. The benefit of IFRS upon businesses that have adopted it is still debated. Previous studies have shown that the financial reporting process is influenced Jointly by the accounting standards and economic incentives of market participants . That said it follows that if companies can be shown the positive effect of adopting IFRS, they will be more willing to do so. I nls would Imply tnat companles mlgnt accept tne convergence witn IHRS positively IT, for example, they expect IFRS to impact favorably on company performance, and reduce information asymmetry and the cost of capital Hope et al.. In contrast, companies might expect the costs to surpass the benefits of IFRS adoption, or that IFRS implementation is followed by managerial opportunism to reduce the regulatory compliance costs or variation in the application of IFRS . Studies on the impact of adopting IFRS on market behaviour is still relatively new and unexplored, particularly in Malaysia. Most researches have only investigates its effect into financial statement and ratio such as Stent et al. or into accounting quality . Many have focused solely on the technical accounting impacts related to IFRS. Understanding the broader impacts that IFRS may have is also important. Knowing such effects of IAS/IFRS convergence on stock market behavior is of major importance for several different parties including primarily, the national accounting standardization body, the IASB, nternational investors, as well as for the companies themselves. Although previous studies have provided evidence on the benefits of IFRS to quality of financial statement, such as Paglietti and Wang et al. there is a possibility that IFRS might not have a positive impact on company performance at all, in which case companies would not be too enthusiastic in adopting IFRS (outside of for compliance reasons). Based on the above discussion, this study will investigate whether adoption of IFRS is acknowledged by investment community and influences the investment decision making. The research result expected will give insight to firm and Jurisd iction whether to move into a single standard on financial reporting or not. This can be useful information for other emerging markets that are still not fully adopting this new standard such as Indonesia and Thailand. 1. 4 Research Question Signalling theory explains that signalling is done by management in order to reduce information asymmetry. A signal is an action taken by the more informed that provides credible information to the less informed. The theory assumes that managers of high-quality firms will have an intention to signal their superiority to the arket as described by Copeland et al.. One such example of signalling is accounting conservatism in which firms provide financial statements information to show that they applying conservative accounting policies which resulting a higher quality of earnings because its principle is to prevents companies to exaggerate profits and helps financial statements reader by providing under representing income and assets. This accounting conservatism is traditionally defined by the adage anticipate no profit, but anticipate all losses . Understatement of profits and net assets stated in financial statements is a positive

Operating Systems Essays

Operating Systems Essays Operating Systems Essay Operating Systems Essay Now how many people know the importance of having an operating system for their computers? Well to put it briefly, without one you would be switching on your computer to communicate with a blank screen. The operating system acts like a translator between the user and the hardware and vice versa. It converts computer binary code into information we would understand, and every time we input data like pressing keys the data we see as letters is entered as codes the computer will understand. There is 2 types of software, the O/S(operating system) and application software. The application software is designed to perform multiple or specific tasks for the user. It comes in all sorts of forms from games too Microsoft office. In order to run the application software you need an O/S. like mentioned above its the translator between the user and hardware. So if you want to instruct the hardware to do something from the application software, it will go through the O/S which will then make te hardware perform the task. Here is 4 of some the most popular O/Ss in use:- 1.Windows: this is most used O/S world wide, it has a graphical user interface hence very user friendly. The O/S has its own help it offers new users which is very useful. This O/S is quite expensive compared to others. But one of the main reasons is because of its popularity, use worldwide, and demand. 2.Macintosh: this O/S also has a GUI (graphical user interface) but is faraway from being as popular as windows. Therefore you would expect this O/S to be cheaper. Although it may as good as Windows it lacks popularity hence it would take a long time before people decided to switch to it over Windows. 3.UNIX: this O/S is designed or more technical users and programmers. It is gaining popularity but it is not very user friendly for new users. That might hamper its popularity growing. Another problem with this O/S is that there are 3 different versions which are not compatible with each other. Hence when software is written for one of the types, it wont work with the other 2 unless the code is rewritten for each. Unix is also popular for large networks in business among other organisations. 4.Linux: this program is gaining popularity for several reasons. First of all its probably one of the very few free O/Ss. It also can have its code altered by the user to suit his/her desires. But thats Linux downfall, it is designed by programmers for programmers, hence not very user friendly. As you can see all the programs have points in different areas. Now it up to you to choose which one is right for you. Here is a table comparing the 4 O/Ss.

The United States Constitution

The United States Constitution Introduction The United States’ constitution has stood the test of time since its adoption in late 18th century. During 17th century, Americans were under colonial rule that denied them rights and powers to govern themselves. Then, Americans fought for their independence gradually by demanding their recognition and inclusion into the colonial government that had oppressed for quite some time.Advertising We will write a custom assessment sample on The United States Constitution specifically for you for only $16.05 $11/page Learn More Colonialists flooded the US in early 17th century from various parts of the world, majorly Europe because they were escaping religious persecution and in search of expansive land for agriculture. Under oppression, Americans made several initiatives in a bid to emancipate themselves and these initiatives culminated into independence in 1776. According to Garrett, in 1765, 13 colonies met to discuss the violation of fundamen tal rights and in 1774 and 1775, first and second continental congress respectively resolved to have independence (12). In 1776, the United States got its independence and adopted a new constitution in 1787. This constitution has become the legal basis for the present government. Despite the fact that the formulation of the United States’ constitution dates back to more than 230 years ago, it is still remarkably viable in the modern government. The preamble of the United States’ constitution envisages a perfect union of diverse states based on common defence, liberty, justice and tranquillity. Even though the preamble dates back to more than two centuries ago, it formed the basis of federal form of government that still exists today. American government has a federal model of government that other countries are trying to emulate for it is a perfect union of diverse states. Garrett argues that the United States’ constitution has stood the test of time because it established federal government as it exists currently (19). The existence of the federal government reflects viability of the United States’ constitution in modern governance. Therefore, current union of states has its basis in the United States’ constitution, which envisaged perfect union and how federal government functions and relates with central government. The United States constitution is still viable in modern governance because it has an elastic clause that makes it flexible and adaptive to modern changes, which are consistent with new forms of governance. According to Section 8 of Article I, Congress has powers to make necessary amendments that are essential and consistent with the United States’ constitution.Advertising Looking for assessment on political sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More The United States’ constitution is a legal framework that anchors several amendment s and provisions in view of evolving legal issues of governance in the modern world. Wedes argues that, the elastic clause is particularly relevant to modern governance because it does not only give power to Congress to conduct necessary and appropriate amendments, but also ensures that the constitution is in tandem with dynamic needs of governance (p.1). For instance, Congress has made several amendments in modes of taxation, regulation of commerce and security issues with regard to terrorism. Thus, elastic clause has made the United States constitution remain viable and reliable in current governance. Moreover, the amendment process of the United States’ constitution is decidedly stringent to protect it from undue mutilation and changes that would make it lose its viability over time. The United States’ constitution has the first ten amendments that form basis of human rights, which are inalienable. From independence, the first ten amendments have remained and are tr uly viable as they are provisions that stipulate inherent and immutable rights of every citizen in America. For instance, the first amendment to the United States’ constitution provides and guarantees freedom of expression, religion, association and petition. The first amendment assured Americans that the federal government will protect and secure their rights for posterity. In addition, Garlinger states that, the fourteenth amendment to the United States’ constitution forbids any state from making or enforcing any law that restrict the privileges or deprive life, liberty and property (p.32). Hence, in spite of numerous attempts to amend the constitution, the amendments to United States’ constitution are central to human rights and have become the cornerstone in advocacy of human rights, thus still viable in the present government. Supreme Court of the United States also has powers to review the constitutionality of statutes, amendments and treaties that congres s makes to guarantee their consistency with the constitution. According to Prakash and Yoo, Marbury v. Madison (1803), did set a precedent, which gave powers to Supreme Court to review the constitutionality of congressional statutes and amendments (890). Currently, Supreme Court still has powers to review and determine the constitutionality of statutes and amendments of the Congress. Thus, Supreme Court has a considerable role in ensuring that the United States’ constitution remains viable and consistent across all ages except few amendments that enhance its application in modern governance.Advertising We will write a custom assessment sample on The United States Constitution specifically for you for only $16.05 $11/page Learn More Conclusion Although the United States’ constitution is over 200 years old, it is still highly relevant in modern society. The constitution provides a legal framework, which anchors several provisions and amendments that occur over a period. The legal framework of the United States constitution has relatively remained constant for over 200 years, and is still relevant and viable because it is flexible in adopting new judicial and governing reforms. It is quite evident that the United States’ constitution been stable for a long period because of federal form of government, elastic clause, stringent amendment process and judicial review, all of which attest its viability and relevance in the modern United States. Garlinger, Paul. â€Å"United States Constitution: The Amendments.† New York University  Law Review 2.4 (2009): 30-34. Garrett, Sandy. United States History, Constitution and Government. New York: Harcourt Publisher, 2005. Prakash, Saikrishna, and Yoo, John. â€Å"The Origins of Judicial Review.† Chicago Law  Review, 2003: 887-933. Wedes, Samuel. â€Å"A Living Constitution, the United States Constitution: Does It Stand The Test of Time?† Government, 2006 : 1-33.

Law for Business Case Study Example | Topics and Well Written Essays - 1250 words

Law for Business - Case Study Example Finally in respect of creditors of the company the court held the no duty was owed to them. The approach had been criticized by many and had been thought to be unjustified as it was thought that reliance would be placed on the accounts of the company which is indeed due to the auditors’ manuals and other material. However, in favour of the decision a few other points for such a decision are the floodgates argument; the lack of proximity between an auditor and an investor also leads to the conclusion that no claim lies against the auditors; and the placing of undue burden on the auditors and therefore duty is only limited to the company.. (Deakin et al 2008) Another important aspect that was considered in the decision of Caparo for accountants liability as well the standard duty of care requirement was the fact that the three tier test was required to be satisfied so as establish a duty of care. This test was a reformed test for negligence.The first requirement for the establis hment of duty of care was that it must be reasonably foreseeable that the conduct of defendant would cause damage to the claimant. Secondly, there must be sufficient proximity between the parties and finally ‘the situation must be one in which the court considers it fair, just and reasonable the law should impose a duty of care of a given scope on the one party for the benefir of the other’. (Elliott et al 2007) Another important aspect that had been considered by the House of Lords have held in La Banque Financiere de la Cite v Westgate Insurance Co Ltd was that if there had been an omission to speak it would not lead to construing of liability. A further important authority in respect of negligent misstatement is that of Hedley Byrne v. Heller2 wherein it was construed by the courts that there was no negligent misstatement on the basis that the facts portrayed that there had been disclaimer within the remarks that is the use of the term without responsibility which le d to the possibility of a duty of care to be extinguished. There had been a controversial decision of Royal Bank of Scotland plc v Bannerman Johnstone Maclay, wherein the absence of the disclaimer of liability was considered to be pivotal so as to establish a duty of care and holding the auditors liable. The facts of the case were that BJM were auditors of APC Ltd and RBS was the principal lender of APC Ltd and due to such lending RBS had an equity interest in APC. One of the requirement of RBS in their facility letters was the provision of audited financial statements by APC to RBS within six months of the end of financial year. Such copies were provided to RBS so as to assist them for lending decision. Subsequently RBS bought an action against BJM for the losses that were suffered by RBS as a result of reliance on such audit accounts which had inaccuracies. There was an application made by BJM to strike out the claim as there was no duty of care owed to RBS. It was decided by the court as a preliminary issues that what had been pleaded by RBS was sufficient to lead to a duty of care. Thus it was found that even though there was no direct contact between the parties BJM could have disclaimed liability when it came to know that RBS would be seeing the audited accounts for lending decisions. Thus the important reason was the absence of th